When something such as ‘retail therapy’ exists, you know that it is driven by a thriving, multi-billion dollar industry. For any organization that hopes to be successful in the brutal, cutthroat retail industry, actionable market insights are needed on a daily basis. Considering retail market intelligence akin to how some individuals window shop would be a costly mistake indeed. You need to ensure that you choose the absolute best in your quest for business profitability and long-term sustainability. At Fact.MR, we strive to equip our clients with dynamic market insights into the fast-changing retail industry to acquire an edge over competition.
As a stakeholder in the industry, you would typically seek out in-depth information on global and regional retail related to key concerns such as space allocation, products, services, format innovation, store portfolios, and the most important aspect – sales performance. You need to be aware of fast-fashion fads and fickle consumer trends in diverse areas such as e-commerce, Omni-channel, and multichannel retail. It would also help to know about the impact of automation as well as the cultural, demographic, social, and political changes on the retail industry. All of these need to present a cohesive picture that you can fit yourself within – either in a local or a global context. So where does your opportunity as a business lie? At Fact.MR, we attempt our very best to answer this highly complex question.
We consider the concept of retail to be an art as well as a science. We provide a comprehensive suite of consulting services to give you the required market intelligence with which you can stand head and shoulders above your immediate competition. Our diverse team of industry analysts burn the midnight oil to continuously observe, assess, and question the retail industry so that we can provide all the insights our clients need to make strategic decisions that lead to long-term business growth and success.
Sustainable Fashion – The Precursor to Growth for Alpaca Fiber Market
Alpaca fiber is witnesses a greater demand over wool in the textile industry being a natural fiber that provides more warmth minus the scratchy texture like wool. It makes alpaca clothing warm, soft, and extremely comfortable. The influx in demand for alpaca fiber in the textile and fashion industry can be attributed to the increasing awareness about the high quality and sustainability of alpaca fiber. The alpaca fiber market is witnessing high growth mainly due to the upsurge in demand for alpaca fiber fleeces and other types of fashion accessories made with alpaca fiber.
With the rapidly increasing number of alpaca fiber fashion stores across the world, the alpaca fiber market is expected envisage astounding growth in the upcoming years. As the trend of offering highly sustainable and eco-friendly garments and accessories is gaining popularity in the fashion apparel industry, the alpaca fiber market is growing at a rapid pace with the surging demand for warm and soft alpaca fiber.
Manufacturers Focus on Alpaca Nutrition to Improve the Quality of Alpaca Fiber
While the alpaca fiber market is expanding at an impressive growth rate, market players are aiming to produce alpaca fiber with even better quality to attract more consumers. As high genetic merits can lead to producing large quantities of high-quality alpaca fiber, manufacturers in the alpaca fiber market are putting efforts into providing nutritious feed to alpacas. Nutrition makes a significant impact on the health and reproduction capabilities of alpacas, and ultimately helps to obtain softer and high-quality alpaca fiber. Leading manufacturers and distributors in the alpaca fiber market are investing heftily in alpaca nutrition in order to be able to offer the finest quality of alpaca fiber and gain a competitive edge in the alpaca fiber market.
Peruvian Alpaca Breeders Followed by Australians Gear Up to Boost the Growth of the Alpaca Fiber Market
The Ministry of Agriculture and Irrigation (MINAGRI), Peru, recently stated that Peru is the largest alpaca fiber producer in the alpaca fiber market, as around 3.8 million alpacas in the country – which is 87% of the world’s alpaca population. The annual production of alpaca fiber in Peru stands for over 4,501 tons and the Peruvian alpaca fiber exports surpassed US$ 68 million by the end of 2017. The Ministry of Foreign Trade and Tourism (Mincetur) stated that the country’s alpaca exports increased by over 110% in 2017 within a span of one year, with the rise of over 14% average per kilogram in the export price.
Peru continues to the world’s largest producer as well as exporter in the alpaca fiber market and the main destinations for the Peruvian alpaca fiber exports remain China and Italy. To capitalize on various business opportunities in the alpaca fiber market, the Ministry of Foreign Trade and Tourism (Mincetur) launched the luxury fashion brand "Alpaca del Perú" for the sale of high-quality alpaca fiber garments and accessories.
After Peru, the alpaca breeders in Australia are adopting innovative strategies to establish a stronger position in the alpaca fiber market. With the increasing alpaca population in Australia, the Australian Alpaca Association president predicts that the number will reach 1 million by the year 2021. The Australian alpaca fleeces are witnessing high demand across the fashion industry, especially in China. The alpaca market is witnessing rapid growth as alpaca fiber manufacturers in South Australia target a majority of Chinese clothing manufacturers. Owing to the quality of Australian alpaca fiber and the strict health standards established by the Australian government, demand for Australian alpaca fiber is likely to improve in the upcoming years. By exporting to the ever-expanding consumer goods markets like China, the alpaca fiber market in Australia is expected to account for a higher share in the global market in the upcoming years.
Though Industrial Automation Restricts Adoption, Emerging SMEs and Material Handling Industry Drive the Poly Trucks Market
The market for poly trucks is expected to remain under the influence of growing industrial revolution and changing work demographics. Starting from storage to distribution, poly trucks are highly sought after as an important material handling asset. With the growth of manufacturing and warehousing industries, the demand for poly trucks is estimated to remain persistent in the material handling sector. Further, due to the availability of a variety of poly trucks, in terms of material, capacity, and flexible features, poly trucks are highly sought after in the manufacturing, distribution, warehousing, recycling, sorting, collection, and goods transportation industries. On account of the emergence of industrial automation and increased demand for efficient supply chain, leading businesses are seeking cost-efficient, autonomous, and sustainable handling solutions. These factors are likely to hamper the growth of the poly trucks market in the review period.
Material Handling Industry to Present Lucrative Opportunities for the Poly Trucks Market
According to the U.S. Department of Commerce and Bureau of Labor Statistics, in America, material handling and logistics industry is one of the largest and fastest growing industries, reporting US$ 156 billion per year in terms of consumption of material handling and logistics equipment. As poly trucks provide cost-efficient and flexible material solutions, they are highly utilized in the industry where storing, transporting, and distribution are routine practices. Due to its persistent growth, the material handling industry is considered one of the ‘mega industries’. This positive trend of the industrial growth represents steady demand for material handling equipment including poly trucks in the near future.
Poly Trucks Gain Traction in the Hospitality Industry
The laundry industry, in particular, the coin laundries are an important end-user of the poly trucks. The coin laundry association states that in the United States, currently there are 29,500 coin laundries that generate US$ 5 billion gross revenue annually. This growth is translated into the need for effective and flexible material handling solutions that facilitate different material handling in different environments. Further, manufacturers provide customized solutions with the features such as bulk transport solutions with covers, flatworks, and extractors that fit in the clients’ custom environment to gain optimal efficiency. Apart from the laundry industry, manufacturers of the poly trucks also provide solutions for housekeeping, pools, waterparks, food & beverages, and other maintenance applications where they are highly sought after.
Emerging SMEs Boost the Growth of Poly Trucks Market
Amidst the scenario of declining productivity, weak trade and investment, and growing inequality, the emergence of SMEs is expected to strengthen the productivity. According to OECD’s work of productivity-inclusiveness nexus, in reaching the goal of increased productivity potential and reducing inequality, small and medium-sized enterprises (SMEs) play a central role by generating 70% of the total employment. In parallel, numbers of manufacturing and distribution centers of these SMEs are growing, leading to increased demand for material handling equipments. Small and medium-sized enterprises are the facilities that demand cost-effective material handling equipments including the poly trucks.
In Meeting Efficient Industrial Supply Chain, Poly Trucks Lag Behind
In the era of Industry 4.0 transformation, adoption of automation and digitization has increased exponentially. On account of which, automated material handling solutions are becoming popular in advanced industrial infrastructure. Robots have been devised for different material handling purposes including storage, collection, and transportation of various goods, materials, and other products. Poly trucks provide manual solutions for storage, distribution, and transport of different materials. Adoption of automation and digitization in the industrial infrastructure has resulted in increased supply chain efficiency. Thus, growing automation in the fourth industrial revolution is likely to hamper the growth of poly trucks market.
Manufacturers to Provide Innovative Ergonomic Poly Truck Design
With the rising demand of material handling equipments in a variety of industries, manufacturers have introduced product innovations in poly carts to meet with the growing consumer demand. To accommodate divergent consumer requirements, a range of poly truck design categories such as poly box trucks, poly bulk trucks, and poly laundry trucks are available in the market. In addition, poly trucks are coated with distinct chemicals such as epoxy resins for industry-specific applications such as water and chemical resistance for food and beverage industry.
Lids, special frames, drains, specialized pockets, self-raising platforms, removable caters, and tow bars are few of the customized features provided by manufacturers. While major poly trucks are made from plastic polymers, other materials such as canvas are also applied in the design of poly trucks.
Few of the trending features in the poly trucks market are customized sizes, designs, and light-weight, and easy equipment handling. In addition, easy replacement and repairing of poly truck accessories by manufacturers assist in enhancing the consumer pool of the poly trucks market.
Ergonomic and Functionality Needs of Restaurant Owners Influence Manufacturing Trends in the Prep Tables Market
In commercial kitchens and the restaurant industry, the right set up of prep tables plays a pivotal role in improving the efficiency of the kitchen. Restaurant owners are becoming more aware of the importance of prep tables in achieving comprehensive business growth in the market. Rising growth of the quick service restaurants (QSR) industry is complementing the development of the prep tables market. Manufacturing prep tables to meet dynamic consumer demands is emerging as a popular trend among market players in the prep tables market.
With the increasing availability of various types of prep tables in the market, consumers are weighing products on the grounds of quality, efficiency, and durability with the ultimate aim of choosing the right prep tables for their businesses. Leading manufacturers in the prep tables market are focusing on the functionality needs of their target customers to produce prep tables with features that are in-line with exact requirements.
Materials used to make prep tables mainly hamper or improve their quality, efficiency, and durability, which ultimately shapes this emerging trends in the prep tables market. Prep tables made of stainless steel, wood, and polycarbonate are commonly available in the prep tables market. However, owing to the corrosion resistive properties and durability of stainless steel, stainless steel prep tables are gaining traction in the prep tables market. Stainless steel prep tables are gaining popularity among pastry chefs and fast food chains. As wood is dough-friendly and warmer, prep tables made of wood are witnessing high demand among bakeries. Understanding the exact consumers’ needs has become one of the most important strategies adopted by manufacturers in prep tables market.
Rise of Micro-kitchens in the Restaurant Industry May Revamp the Prep Tables Market
The past few years have witnessed a spurring trend of compact living, which is driving the demand for compact alternatives to traditional kitchens in restaurants as well. The rising popularity of micro-restaurants is impacting the demand for a variety of restaurant equipment such as prep tables. The needs for maximizing the use of available spaces in micro-restaurant chains such as food trucks and pop-up kitchens are boosting the sales of smaller and compact prep tables. Producing tiny kitchen gear and multifunctional prep tables is becoming one of the latest trends in the prep tables market. Prep tables that suit the micro-kitchen designs, allow freedom of movement and improve the functionality of space are gaining traction in the prep tables market.
Taking into account the popular trend of optimizing the space in restaurants, manufacturers in the prep tables market are adopting innovative strategies to meet needs associated with the restaurant spaces. Prep tables with customizable additions such as shelves, drawers, caster wheels, and a sink are gaining traction in the prep tables market. Manufacturers are following strategies to maximize the storage capabilities and productivity of prep tables to attract larger customer bases. Considering the rising trend of compact restaurants, multifunctional and highly-efficient prep tables are likely to witness tremendous demand in the prep tables market in the near future.
NFS Standards and Regulations Create Challenges for Prep Table Manufacturers While Adopting Competitive Pricing Strategies
While the prep tables market witnesses excellent growth, the emergence of various standards and regulations are impacting manufacturing and marketing strategies of the market players. The National Sanitation Foundation (NSF) regulates the use of a variety of kitchen appliances including prep tables that are used in commercial applications. Restaurant owners are becoming aware of dire consequences of not conforming to the strict regulations and purchasing only NSF-compliant restaurant equipment.
Manufacturers in the prep tables market are modifying their manufacturing processes and strategies to comply with a wide range of over 75 standards established by the NSF. Apart from NSF food equipment standards, prep tables with temperature control features have to meet the energy efficiency requirements by the U. S. Department of Energy. Also, restrictions on the use of HCFC-22 as a refrigerant are making a significant impact on the manufacturing processes and creating challenges for manufacturers to maintain competitive prices. However, the prep tables market is likely to grow at a healthy pace with the rising use of smart manufacturing technologies.
While waste management services have gained significant importance in city planning, current operating standards have proven to be highly resource-intensive and inefficient. This is mainly due to use of outdated and manual waste collection techniques, as well as logistical processes that lack effective data-driven waste management and collection solutions. Governments, policymakers, and the waste management industry is focusing on developing and implementing smart, IoT-based techniques and solutions to address these pressing challenges.
According to National Environment Agency, over 7 million tonnes of solid waste was generated in 2017. In addition, the amount of waste recycled dropped from 4.77 million tonnes in 2016 to 4.72 million tonnes in 2017. These statistics have been a stark reminder for governments that efficient, tech-based waste management solutions are the need of the hour. Fortunately, some governments have been quick to assess the situation, and investment in smart waste management solutions has witnessed a spike. The City of Baltimore’s US$ 15 million funding to Ecube Labs Co. Ltd. is a case in point.
With the growing need for effective waste management across countries, major manufacturers are focusing on allocating their investments towards developing innovative and smart trash bins to offer effective and convenient waste management solutions. Notable examples include,
Radiostudio Tech Pvt. Ltd. is focused towards incorporating smart features in the trash bins such as LoRaWAN devices, which enables the city authorities to monitor and maintain cleanliness in the cities.
Compology, a San Francisco-based startup has developed sensors that monitor the garbage levels and notify the garbage removal trucks. These sensors are incorporated with the Dubbed Waste operating system that offers real-time information pertaining to dumpster capacity and historical usage data.
Joseph Joseph, a prominent houseware manufacturer based in the U.K. has developed trash compactor – Titan 30, which offers a hygienic compaction system. This trash compactor is equipped with the anti-tear design, which will not pinch or stretch the replaceable odor filter to neutralize the unpleasant smell of the bins.
With the incorporation of the innovative features and robust designs, manufacturers are narrowing their focus towards incorporating smart features along with robust designs to offer enhanced waste management and disposal solutions to the end users.
Wireless Ultrasonic Fill-Level Sensors and Near Trigger Zone Technology: Effective, Quick, and Intelligent Waste Management for City Authorities
In order to pace up with the growing requirements of the city authorities and citizens, prominent manufacturers are diverting their investment towards integrating advanced technology to offer intelligent features in the trash bins. Notable examples include,
Foshan Shunde Smart Intelligent Technology Co., Ltd., a professional manufacturer of the smart cans has incorporated intelligent technological features such as ‘Near Trigger Zone’, which utilizes infrared trigger technology to detect the hand or object and automatically opens the trash bin. With the incorporation of such features, the end users do not need to touch the trash bins while disposing of waste.
Ecube Labs, a prominent manufacturer of smart and connected waste bins has developed novel smart trash bins such as CleanFLEX, equipped with wireless ultrasonic fill-level sensors. These sensors monitor the fill level of the trash bins and send waste accumulation and management data to the city authorities through the cloud platform. Incorporation of the cloud-based monitoring features and data platform analytics allow the city authorities monitor the quantity of liquid and solid waste.
Timely Waste Removal Solutions and Effective Waste Management Services Encourage Product Innovations and Collaborations
Manufacturers are focusing on aligning with the growing requirements of the citizens as well as government regulations to remain at the forefront of the competitive market. To pace ahead of the competitors in the market, market leaders are engaging in collaborations and launching intelligent and novel waste management solutions. For instance, Joseph Joseph has developed a waste separation & recycling unit to offer convenient and effective waste management solutions, which enables flexibility in splitting the waste from recyclable trash through different compartments.
Also, a global technology solutions provider, Arrow Electronics has recently signed a collaboration with a leading telecommunications company. In collaboration, the companies will focus on leveraging the sunset-to-sensors technology for developing connected and smart trash pallets. The companies will concentrate on integrating IoT features, wireless connectivity, and sensors in a range of trash bins to offer effective, hygienic, and convenient waste management solutions in various countries.
Overall, market leaders and prominent manufacturers are focusing on allocating their investments to develop novel and effective waste disposal and management solutions. Through offering intelligent waste management solutions and products, manufacturers are concentrating on improving their brand identity and improve their customer touch point.
Rising Demand and Industrial Applications to Drive the Portable Air Conditioners Market
The International Energy Agency (IEA) published a report that estimates that the demand for efficient cooling systems and air conditioners is likely to triple by the end of 2030. Considering the increasing use of air conditioners in the residential as well as commercial sectors around the world, the demand is expected to surge and boost the growth of the portable air conditioners market. Also, increasing use of electricity for air conditioners may result in the imposition of strict energy efficiency standards on portable air conditioners in the near future. Considering the needs for cooling systems and its environmental implications, demand for energy efficient portable air conditioner is expected to increase significantly in the upcoming years.
In addition, providing a cooler workplace boosts the working efficiency of employees, which is generating needs for spot-cooling appliances such as portable air conditioners. Owing to the health-related benefits of using portable air conditioners, its demand is increasing in commercial organizations. Also, spot-cooling appliances play an important role in various manufacturing processes, which is boosting demand for portable air conditioners in the industrial sector. Increasing demand for energy-efficient and direct-cooling appliances in the residential as well as commercial sector is driving the growth of the portable air conditioners market.
Discovery of HCFC Alternatives to Influence Manufacturing Strategies of Market Players
Government organizations across the world, such as EPA (the United States Environment Protection Agency) and European Commission are developing some regulations to control the air pollution caused due to some refrigerants used in air conditioners. Hydrochlorofluorocarbons (HCFCs) are commonly used in air conditioning systems. However, the EPA recognizes HCFC-22 as an Ozone-depleting substance, and has imposed some rules associated with the release of this refrigerant under Section 609 of the Clean Air Act (CAA). The imports and production of HCFC-22 will be phased out by 2020-end, and it will be banned by the end of 2030 by the U.S. government. Similar regulations and rules are being imposed by the European Commission as well.
These stringent regulations on the use of HCFC as a refrigerant are encouraging manufacturers in the portable air conditioners market to discover its substitutes. Significant New Alternatives Policy (SNAP) developed by EPA approved of the use of Ozone-safe HCFCs and other alternatives to HCFC-22 in air conditioning systems. Manufacturers in the portable air conditioners market are investing more in R&D to come up with efficient and safer alternatives to HCFC-22 to curb HCF emissions. Even though refrigerants with around 700 GWP such as R32 and R452B are being used in small or portable air conditioners, ultimate alternatives to HCFCs have not been discovered yet. Increasing investments in R&D to find substitutes to HCFC-22 is an emerging trend in the portable air conditioners market.
Smart and Wi-Fi Enabled Portable Air Conditioners – A Popular Trend in the Portable Air Conditioners Market
With the constant advancements in technology, consumers are willing to purchase next-generation portable air conditioners that are multi-functional and easy to use. Manufacturers in the portable air conditioners market are incorporating advanced technologies such as Internet of Things and a variety of sensors to automate various tasks of the machine. As consumers are preferring to buy less noisy air conditioners, leading market players are introducing portable air conditioners with advanced settings such as quieter, sleep-mode operation. Lightweight portable air conditioners that are AC, fans, as well as dehumidifiers are gaining immense popularity among consumers.
Above all, manufacturing smart portable air conditioners with WiFi is the most popular trend in the portable air conditioners market. Most of the market players are introducing portable air conditioners that can be controlled from afar and optimize the use of electricity smartly. Also, most of the established manufacturers in the portable air conditioners market have produced portable air conditioners that can be voice controlled. These portable air conditioners are integrated with popular voice-operated systems such as Amazon Alexa, Apple HomeKit, and Google Assistant. By manufacturing technologically advanced yet energy efficient portable air conditioners, market players are incorporating smart business strategies to attract consumers and establish a stronger position in the portable air conditioners market.
Future of Food Industry and Restaurants Industry Indicates Rising Demand for Ice Makers
Refrigerating systems are used in various industrial applications such as food preservation, distinct heating and cooling applications, medical processes, and energy-related applications. Taking into account the importance of industrial refrigeration processes, leading manufacturer in the ice makers market are making products for their specific commercial applications. Among all the other industries where ice makers are used, QSR (quick service restaurant) industry remains the biggest end-user industry owing to the numerous food and beverage applications of ice makers. Depending on the changing lifestyle and dietary habits of consumers, the number of food chains, restaurants, and cafes is likely to increase rapidly in the upcoming years. The growth parameters of the QSR industry will influence the expansion of the ice makers market in the near future.
The National Restaurant Association stated that the restaurant industry witnesses the sales of over US$ 683 billion across around 1 million locations in the year 2014. Later, with the improvements in the global economy, increased discretionary income, and fast-paced consumer lifestyle, the restaurant industry grew at a rapid pace. Excellent growth of the QSR industry is likely to augment the growth of the ice makers market. In addition, the changing growth parameters of the food retailing sector and increasing popularity of e-Commerce, use of ice makers for food preservation is likely to upsurge in the next few years.
A Wide Range of Commercial Applications to Induce Demand for Energy-efficient Ice Makers
Owing to the increasing demand for ice in food and beverage applications, demand for ice is likely to remain high among restaurants, bars, cafes, and other types of food chains. The rapid growth of the QSR (quick service restaurant) industry is further widening the range of commercial applications of ice makers, boosting the growth of the ice makers market. Manufacturers are introducing a variety of ice makers according to the consumer needs associated with the types of ice, such a crushed, nugget, flaked, cubed, and diced ice. According to the food and beverage applications, manufacturers are producing ice makers to meet the exact needs of consumers.
As commercial applications of ice makers outnumber their non-commercial or residential applications, demand for ice makers with high capacities is more. Consumers are critical about their choice of the air compressor and cooling mechanisms of ice makers. Above all, due to the increasing electricity prices and environmental concerns, energy consumption of ice makers remains the primary factor that may influence consumers’ decisions the most. Manufacturers are adopting technological solutions to optimize the use of electricity in ice makers and offer energy-efficient ice makers to attract a larger consumer base. Apart from producing energy-efficient ice makers, manufacturers in the ice makers market are offering ice maker accessories, such as ice scoops, ice totes, and ice caddies, to stand out in the cutthroat competition in the market.
Growing Investments in Finding Alternatives for HCFC to be an Emerging Trend in the Ice Makers Market
Hydrochlorofluorocarbons (HCFCs) are among the most extensively used refrigerants in air cooling systems as well as in refrigerating systems. However, HCFC-22 has been added to the list of Ozone-depleting substances by the EPA (the United States Environment Protection Agency). Under Section 609 of the Clean Air Act (CAA), EPA has imposed some rules to control the release of HCFC-22 through refrigerating systems such as ice makers. Not just in the U.S., but the European Commission as developed some regulations and standards to limit the use and emission of HCFC-22. Both EPA and European Commission have stated that the production and imports of HCFC-22 will be phased out completely, by 2020. Furthermore, the production, import, and use of HCFC-22 in ice makers will be banned by 2030, which may make a huge impact on the development of the ice makers market.
Leading manufacturers in the ice makers market are making investments in its R&D capacities to discover environment-friendly alternatives to HCFCs. EPA allows the use of Ozone-friendly HCFCs and other eco-friendly alternatives of HCFC-22 in ice makers under its Significant New Alternatives Policy (SNAP). Also, increasing environmental awareness among consumers is influencing their purchasing decisions. Subsequently, manufacturers in the ice maker market are making efforts to produce eco-friendly and energy efficient ice makers to attract more consumers.
Growth of the Forest & Garden Market to Influence the Performance of the Grass Trimmers Market
Dynamic demographic factors such as employment levels, housing statistics, and purchasing capacities of consumers are boosting demand for forest and garden products around the world. Increasing growth of the construction and stone industry across the globe is further creating needs for garden maintenance and boosting the demand for garden tools and products. Grass trimmers market is likely to witness a strong impact of the rapidly growing garden market on its expansion in the upcoming years. As grass trimmer is one of the most essential garden equipment, its demand is likely to remain high.
Attributing to the increasing growth of the garden tools industry, manufacturers in the grass trimmers market are introducing innovative and technologically advanced grass trimmers. Also, the emerging DIY trend in the developed markets is expected to generate more opportunities for manufacturers in the grass trimmers market in the upcoming years. With the availability of a wide range of garden tools such as lawn mowers and grass trimmers, demand is likely to upsurge furthermore in the near future. Ultimately, the rapid growth of the construction industry and forest & garden market is complementing the growth of the grass trimmers market.
Battery-powered Grass Trimmers to Exhibit the Strongest Growth in the Grass Trimmers Market
With the growing trends of landscaping across residential as well as commercial sectors, demand for essential garden tools such as grass trimmers has increased substantially over the past few years. It has provided a boost to the growth of the grass trimmers market. Consumers are preferring to purchase grass trimmers that are easy to hold, operate, and can create a neatly trimmed grass. Also, the noise and pollution caused due to grass trimmers also make a significant impact on the purchasing decisions of consumers. Manufacturers in the grass trimmer market have made available various grass trimmer with different power sources such as gas-powered, electric, and battery-powered grass trimmers.
Gas-powered grass trimmers are considered the most powerful grass trimmers. Although, as they are noisier and heavier, the demand for gas-powered grass trimmers is lower than the other types of grass trimmers. Consumers that need grass trimmers for cutting longer grass and weeds are preferring to purchase electric grass trimmers, which are lighter and easier to use than gas-powered grass trimmers. However, cordless or battery-powered grass trimmers are likely to remain the most sought-after grass trimmers among consumers across the world. Keep the noise of grass trimmer minimum and ease of operation are among the top priorities of consumers, which is a primary factor responsible for growing demand for cordless or battery-powered grass trimmers.
Leasing Landscaping Products to Remain a Key Trend in the Grass Trimmers Market
As the negative effects of the great recession continue to ebb, a positive change in the consumer confidence can be observed across the world. Increased employment rate and discretionary income of consumers are influencing the investments in landscaping in both residential and commercial sectors. Also, as a part of the trend of outdoor living, homeowners are willing to install outdoor living spaces. It is triggering the needs for efficient landscaping equipment such as grass trimmers. As a majority of landscapers are turning a profit in the grass trimmers market, the number of new entrants in the market is likely to rise in the upcoming years.
However, in the non-residential sector, maintaining large garden areas can lead to increasing gardening equipment expenses. In order to reduce the maintenance expenses of landscaping and gardening equipment such as grass trimmers, non-residential organizations are leasing grass trimmers. As leasing is a low-risk alternative to purchasing expensive landscaping equipment such as grass trimmers, it is becoming an emerging trend in the grass trimmers market. While keeping up with this trend in the grass trimmers market, manufacturers are offering low-cost leasing options.
Population Growth & Construction Projects to Broaden the Scope of Growth for Electric Chainsaw Market
Educational, commercial, and healthcare institutions are diverting a section of their investments towards the maintenance of gardens. As gardens offer a healing experience to the patients, students, and other individuals, leading companies, commercial complexes, and residential complexes are accommodating their incomes towards the maintenance of gardens and their surrounding areas. Growing need to maintain gardens and the surrounding areas to prevent the formation of beehives and animal domestication has led to a surge in adoption of the electric chainsaws globally.
Further, population growth in various countries has led the government to implement construction targets in the barren lands and forest areas. According to a research conducted by the United Nations, the global population is expected to reach 9.7 billion by the end of 2050. Increase global population during the forthcoming years is expected to intensify demand for the electric chainsaws in the construction industry for cutting trees and collecting woods.
Manufacturers to Equip Electric Chainsaws with Innovative Motor Technologies and Li Batteries for Enhanced Customer Experience and Convenience
With the growing need to allocate citizens in various countries, build commercial complexes, and maintain gardens, leading manufacturers are focusing on developing electric chainsaws specific to the requirements of end-users. To offer improved experience as compared to the gas chainsaws, major manufacturers such as Ruris, BM Power, STIHL and Johnson Electric are concentrating on incorporating innovative technological features in a range of electric chainsaw equipment.
For instance, Johnson Electric is focused on diversifying their product line with the incorporation of the DC, AC, and EC motor technologies. The company is focusing on developing a range of electric chainsaws central to various requirements of the end-user industries. Also, Ruris is focusing on powering a range of its electric chainsaws with the Li battery. With the incorporation of the Li batteries, the company is concentrating on offering a cost-effective alternative to the fuel and gas-powered chainsaws.
Incorporation of Ergonomic Designs, Rubberized Handle Grip, Improved Power Capacity to Craft Novel Growth Opportunities for Leading Companies
In order to increase their customer touch point and sustain their lead in the competitive market, leading companies are focusing on integrating smart and advanced features in the electric chainsaws. For instance, a leading manufacturer, STIHL is mainly focused on developing strong electric chainsaws equipped with carbon brushes and durable gearboxes to offer extended lifespan. In addition, the company is also concentrating on incorporating innovative ergonomic designs and shapes to offer convenience in use for the end users.
In addition, major manufacturers such as Johnson Electric is concentrating on incorporating low operating noise features along with rubberized handle grip to offer better handling features and prevent any accidents while using this equipment. Besides these features, the leading companies are focusing on broadening the scope of their innovation to offer improved application, convenience, and speed. To speed up the application process. Major manufacturers are accommodating the electric chainsaws with 15 amp motors to offer efficient and accurate trimming and cutting process with a chain speed of 2,900 FPM.
Strategic Partnerships and Product Innovation: Key Companies to Focus on Broadening Product Line and Improving Brand Recognition
To improve their position in the competitive market, leading companies are focusing on engaging in strategic partnerships and product launches. Through offering application-specific and innovative products, major manufacturers are concentrating on improving their brand identity in the market. For instance, leading brand STIHL has partnered with FANUC, which is a leader in factory automation technology. Through this partnership, the companies are focusing on unleashing novel growth avenues with the launch of ‘Collaborative Robot’ to offer convenience to the employees in the cut-off saw packaging line.
Also, prominent manufacturer, AL-KO is mainly focused towards developing novel equipment for gardening and interior construction applications. The company is concentrating on developing a range of innovative electric chainsaw that operates on the electric motor with enhanced power capacity. In addition, the company is equipping these electric chainsaws with slim designs, overload protection features, and low exhaust fumes to offer uninterrupted, convenient, and safe services to the end users.
Johnson Electric, STIHL, Ruris, AL-KO, and BM Power are some of the prominent manufacturers identified in the global electric chainsaw market.
Growing Popularity of Spa and Hydrotherapy to Broaden Growth Opportunities for Leading Companies
With the fast-paced and hectic lifestyle, individuals continue to experience stress, tensions, increased muscle soreness. In order to detoxify the body, individuals prefer spending on outdoor spa services and hydrotherapy. Growing popularity of spa and hydrotherapy among individuals will intensify demand for the outdoor hot tubs in the spa and wellness industry. As hydrotherapy and outdoor spa therapies help in relieving muscle pains and tensions, individuals are replicating these relaxing techniques and accommodating at their residence.
Growing need for effective stress relieving hydrotherapy has led spa and therapeutic centers to invest in outdoor hot tubs that are equipped with innovative and novel technological features. As per a recent survey conducted, the citizens of Britain spent nearly £7.6 billion on the spa and salon treatments in 2017. This trend is expected to be followed in various countries over the coming years.
Self-Cleaning, Hydrowise Thermal Shield, Whisper, and JetPak Technologies: Key Companies to Narrow their Focus towards Diversifying their Product Line
Ongoing advancements in technology have reflected on the decisions of leading outdoor hot tub manufacturers. To pace ahead in the competitive market, major manufacturers are focusing on leveraging cutting-edge technologies such as JetPak-technology, self-cleaning, and Hydrowise Thermal Shield Technology. For instance, a major manufacturer of ceramics, Villeroy & Boch is focused towards equipping the outdoor hot tubs with JetPak technology to offer effective back massage to the end users.
In addition, a leading corporation, Jacuzzi is focused on diversifying their product line with the integration of various novel technologies such as Aquasystem multi-program and Whisper technology. With the incorporation of leading technological solutions, the company is focusing on offering multi-sensorial experience and enhanced comfort. Besides innovative technological features, the companies are also differentiating their product line by incorporating ergonomic designs in a range of their tubs. To sustain their lead in the competitive market, major manufacturers are investing in the product innovation and development.
Wifi Touch Panels, Specialty Blowers, & Soft Air Technology to Offer Multi-Sensory Experience and Intensify Demand
In order to offer enhanced experience and convenience to the end users, leading brands such as Jacuzzi, Aquavia, and Villeroy & Boch are focusing on incorporating intelligent and innovative features in the outdoor hot tubs. For instance, Jacuzzi is mainly focusing on integrating an effective control panel that enables the end users to control the functions and temperature of the water. In addition, the company is concentrating on equipping a range of these tubs with the specialty blowers that is equipped with a soft air technology equipped with soft massage experience.
Also, a leading hot tubs manufacturer, Aquavia is focused on equipping an array of outdoor hot tubs with the Wifi touch panel. With the incorporation of innovative touch panel, end users can conveniently control the basic features of the outdoor hot tubs to configure the filtration cycle while switching on massage pumps. In addition, incorporation of this touch panel enables the customers to optimize the energy efficiency.
Product Launch and Strategic Acquisition: Key Players to Focus on Improving Customer Touch Points and Brand Perception
To sustain their lead in the competitive market and improve their brand recognition, leading market players are focusing on engaging in strategic acquisitions and product launches. For instance, Jacuzzi Brands LLC has acquired BathWraps and Hydropool Hot Tubs and Swim Spas. Through this strategic acquisition, the companies are focusing on developing innovative and novel custom bathtubs and showers. This acquisition will enable the companies to improve their growth prospect and brand perception.
In addition, leading companies such as B&M is focused on developing and offering a range of outdoor hot tubs that are equipped with 81 air jets. The company is focused towards incorporating the heating and bubbling features that offers comfortable and effective massage experience. In order to increase their customer touch point, leading companies are focusing on offering novel and innovative products at various e-commerce platforms at a discounted prices.
While major companies are concentrating on expanding their customer base, market players in the unorganized sectors and new companies in various countries can pose significant challenges for the leading brands. As customers prefer purchasing products equipped with intelligent technological solutions offered at cheaper prices, small market players and new companies such as Splash & Relax and Shenzhen Keya Sauna & Swimming Pool Equipment are focusing on offering technologically enhanced outdoor hot tubs at discounted or reasonable costs along with verification certificates.
To improve their position in the competitive market, leading companies such as Jacuzzi, Aquavia, and Villeroy & Boch are also focusing on expanding their customer base by offering these products at comparatively cheaper prices through e-commerce platforms such as Amazon.com, Alibaba.com, Overstock.com, and Homedepot.com. Through offering lucrative offers at discounted prices, leading brands are focusing on improving their brand recognition and increasing their customer touch points.
Some of the major market players identified in the global outdoor hot tub market include Acquavia, Jacuzzi, Lifesmart, Villeroy & Boch, and Apollo Spas.
Food Processing Applications to Augment the Growth of the Chest Freezers Market
With the changing dietary habits and fast-paced lifestyle, consumption of frozen and processed food has increased across the world. Refrigeration plays an important role in various food manufacturing processes. Rapidly growing food industry and increased demand for frozen food products is triggering the growth of the chest freezers market. Chest freezers are used by many food manufacturing companies, as well as food retailers, to store processed and frozen food products to improve their shelf life. Various features of chest freezers like powerful compressor, highly effective insulation, and optimally aligned refrigeration components are creating needs for chest freezers in the food industry. The growth of the chest freezers is mainly influenced by the increasing applications of chest freezers for the refrigeration of processed and frozen food products.
To capitalize on the surging demand for frozen and processed food products, manufacturers in the chest freezers are introducing technological advanced and more efficient chest freezers. Manufacturers are making use of advanced technologies, such as Internet of Things (IOT), and other electronic components, such as embedded sensors, to improve the functionality and energy efficiency of chest freezers. Smart chest freezers available in the market can automatically recognize the type and weight of the food stored in the freezer, while it can monitor and change the temperature of the freezer as per the need. Introduction of advanced human-machine interface designs for chest freezers is one of the latest trends gaining popularity in the chest freezers market.
Price, Capacity, and Energy Efficiency to Influence Purchasing Decisions of Consumers
Chest freezers have gained immense popularity among consumers as it is a budget-friendly option for consumers, especially for commercial purposes. Also, chest freezers can hold more food products per square foot, which makes them more efficient and cost-effective. As the price of chest freezers makes a significant impact on the purchasing decisions of consumers, it is making a positive, ultimate impact on the growth of the chest freezers. The storage capacity is another aspect that encourages or hinders consumers from purchasing a storage freezer. Chest freezers are rectangular and usually have drawers, which hold the capacity to store more food products and provide the convenience to arrange and move foods from these freezers.
Apart from price and storage capacity, the energy efficiency of chest freezers has become a crucial factor that influences the purchasing decisions of consumers. With the increasing awareness of the environmental safety, energy-efficient chest freezers are likely to witness more demand across the globe. Manufacturers in the chest freezers market are producing chest freezers with innovative features, such as self-defrosting and freezer locks, to improve the energy efficiency of these products. They are making efforts to gain energy efficiency certifications by reducing the energy consumption of chest freezers and attract more consumers in the chest freezers market.
Widening Range of Commercial Applications Complements the Market Development
As chest freezers are mainly used for storing more frozen food products, they witness more demand in its industrial applications that in residential applications. Owing to its increasing commercial applications, manufacturers in the chest freezers market are producing chest freezer for specific commercial uses. Various retailers, suppliers in the food industry, as well as restaurant owners, are choosing to purchase commercial-grade chest freezer. Attributing to the increasing demand for commercial chest freezers in the foodservice industry, manufacturers are introducing innovative chest freezers such as frost-free chest freezers for food companies. However, advanced features of more efficient alternatives such as upright freezers may impede the growth of the chest freezers market in the food industry.
Not just in the food industry, but chest freezers are also used in various biomedical industries. Low-temperature chest freezers find numerous applications in the biomedical industries mainly for storing various biomedical components. Considering the need for ultra-low temperature chest freezers in biomedical applications, manufacturers in the chest freezer industry are introducing chest freezers with no energy consumption and low heat dissipation. By providing chest freezers with reliable low temperature freezing suitable for biomedical applications, manufacturers are planning strategies to target biomedical industries. Temperature stability, temperature uniformity, and low noise level are among the most important features that manufacturers are focusing on while producing chest freezers for biomedical applications.